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Federal Reserve Discloses $2.3 Billion Short-Term Loan to Harley-Davidson "“ $3.3 Tril

Asphalt & Rubber

Asphalt & Rubber

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The Federal Reserve made disclosures today that it quietly made short-term loans to major institutions and Fortune 500 companies during the 2008-2009 economic meltdown. Among one of the companies listed as receiving a 3-month Commercial Paper Funding Facility (CPFF) promissory note from the Fed is Harley-Davidson, which received 33 loans totaling $2.3 billion in aid to meet operational needs. Other companies who received economic help include GE (12 loans totaling $16 billion), Verizon (two loans ...
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